Piper Sandler Reiterates Overweight Rating on AppLovin Corp (APP)

Piper Sandler analyst James Callahan reiterated an Overweight rating and $665.00 price target on AppLovin Corp (NASDAQ: APP).

The analyst commented: "Gaming Strong, E-Com TBD; Our work on the gaming market points to continued growth through 2Q26, though PSC ECom data points are more mixed. Our opex work suggests room for S&M to ramp in 2H26 without impacting core margins and think installs could exit the year growing HSD+. We continue to see room for +ve estimate revisions, see competitive risks as overblown, and view ~25x '27E GAAP earnings as undervalued for APP's growth profile (amidst more -ve buyside sentiment). We recently chatted with CloudX (LINK). Reit OW, $665 PT."

For an analyst ratings summary and ratings history on AppLovin Corp click here. For more ratings news on AppLovin Corp click here.

Shares of AppLovin Corp closed at $543.79 yesterday.

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